Summary:
- Snap Inc. (SNAP, Financial) exceeds adjusted EBITDA expectations, reporting $108.4 million against a forecasted $65.4 million.
- Revenue aligns with analyst expectations at $1.36 billion with daily user engagement rising to 460 million.
- Analyst predictions project a potential 22.13% upside, while GuruFocus estimates suggest a 54.9% upside in value.
Snap Inc. (SNAP) outperformed market expectations with an impressive adjusted EBITDA of $108.4 million for the first quarter, decisively beating projected figures of $65.4 million. Revenue met forecasts, coming in at $1.36 billion, while the platform's daily active user count reached 460 million. However, the company has opted not to provide guidance for the second quarter due to emerging challenges.
Analyst Price Target Forecast
Analysts from 34 firms have set a one-year average price target of $11.10 for Snap Inc. (SNAP, Financial), with estimates ranging from a high of $16.00 to a low of $7.40. This average target reflects a potential upside of 22.13% from the current price of $9.09. For a more detailed analysis, visit the Snap Inc (SNAP) Forecast page.
Market Consensus
The consensus recommendation from 44 brokerage firms rates Snap Inc. (SNAP, Financial) at an average of 2.9, indicating a "Hold" position. This rating scale runs from 1 to 5, where 1 symbolizes a Strong Buy and 5 suggests a Sell.
GF Value Estimation
The GF Value for Snap Inc. (SNAP, Financial) is estimated to be $14.08 in one year's time, indicating a promising potential upside of 54.9% from the current price of $9.09. The GF Value is a proprietary GuruFocus metric that evaluates stock fair value based on historical trading multiples, past growth, and future business performance projections. Further insights can be accessed on the Snap Inc (SNAP) Summary page.
